Market on September 4: Domestic and world gold prices hit record high, gasoline prices plummeted more than 2%

Domestic gold bar price today (September 4)

DOJI , SJC, PNJ, Bao Tin Minh Chau brands are all available. Gold bar price skyrocketed by 2.8 million VND/tael, trading at 131.9 million VND/tael for buying and 133.4 million VND/tael for selling.

Particularly, Phu Quy SJC brand has the highest increase in buying price, 100,000 VND/tael higher than other brands. Specifically, it increased by 2.9 million VND/tael in buying price and increased by 2.8 million VND/tael in selling price.

Domestic gold bar prices updated at 5:00 a.m. September 4 as follows:

Yellow	Early morning of September 3				Early morning of September 4th			Difference
	Buy	Sell out			Buy	Sell out		Buy	Sell out
	Unit of measurement: Million VND/tael							Unit of measurement: Thousand dong/tael
DOJI	129.1		130.6		131.9		133.4	+2800	+2800
SJC	129.1		130.6		131.9		133.4	+2800	+2800
PNJ	129.1		130.6		131.9		133.4	+2800	+2800
Bao Tin Minh Chau	129.1		130.6	131.9			133.4	+2800	+2800
Phu Quy SJC	128.1		130.6	131			133.4	+2900	+2800

Domestic gold ring price today (September 4)

Gold ring price Today, both buying and selling prices increased rapidly, the highest increase was 3 million VND/tael, the highest listed price was 129 million VND/tael for sale.

Specifically, SJC listed the price of gold rings at 125.5 - 128 million VND/tael (buy - sell), an increase of 3 million VND/tael compared to yesterday in both directions.

Thị trường ngày 4/9: Giá vàng trong nước và thế giới tăng kỷ lục, giá xăng dầu lao dốc hơn 2%- Ảnh 1. — *Gold ring prices today (September 4) skyrocketed*

PNJ gold rings are traded at 125.8 million VND/tael for buying and 128.8 million VND/tael for selling (up 1.3 million VND/tael compared to yesterday in both directions).

DOJI ring gold is traded at 125.8 million VND/tael for buying (up 1 million VND/tael compared to yesterday) and 128.8 million VND/tael for selling (up 1.3 million VND/tael compared to yesterday).

Bao Tin Minh Chau brand gold rings are listed at 126 - 129 million VND/tael (buy - sell), an increase of 1.3 million VND/tael compared to yesterday's price in both directions.

Phu Quy brand listed the price of gold rings at 125.5 - 128.5 million VND/tael (buy - sell), an increase of 1.2 million VND/tael compared to yesterday's price in both directions.

World gold price today

In the world gold market, the spot gold price today increased sharply compared to yesterday morning, an increase of about 27.7 USD/ounce, listed around 3,561.6 USD/ounce (equivalent to 114.2 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees).

World gold prices generally increased by 0.04% in the past 24 hours and by 5.55% in the past 30 days.

Currently, world gold price is about 17.7 million VND/tael lower than domestic gold price.

Thị trường ngày 4/9: Giá vàng trong nước và thế giới tăng kỷ lục, giá xăng dầu lao dốc hơn 2%- Ảnh 2. — *World gold prices generally increased by 0.04%*

The gold market is holding its trading level around $3,550/ounce, and according to some analysts, the precious metal is still well supported in the context of the US labor market losing momentum, with the number of jobs falling more than expected.

World oil prices

World oil prices unexpectedly plunged more than 2% in the trading session on September 3, as investors turned their attention to the OPEC+ meeting scheduled for September 7. The group of leading oil producing countries in the world is expected to discuss the possibility of increasing production from October, in the context of the global energy market facing many fluctuations.

At the close of trading on September 3, Brent crude oil price decreased by 1.6 USD, equivalent to 2.31%, to 67.54 USD/barrel. WTI crude oil price decreased by 1.68 USD, equivalent to 2.56%, to 63.91 USD/barrel.

Thị trường ngày 4/9: Giá vàng trong nước và thế giới tăng kỷ lục, giá xăng dầu lao dốc hơn 2%- Ảnh 3. — *World oil prices lost more than 2% in the trading session on September 3.*

Senior analyst Phil Flynn from Price Futures Group said the possibility of OPEC+ raising production is increasing, contrary to investors' previous predictions that the group would stick to its current plan.

If the decision to increase production is approved, OPEC+ will begin easing a second layer of cuts of about 1.65 million barrels a day, or 1.6% of global demand, a year earlier than originally planned.

Thị trường ngày 4/9: Giá vàng trong nước và thế giới tăng kỷ lục, giá xăng dầu lao dốc hơn 2%- Ảnh 4. — *OPEC+ expected to increase oil production from October*

However, actual production increases by OPEC+ have been lower than committed, with some member countries having to make adjustments to compensate for previous overproduction, while others have faced difficulties due to limited exploitation capacity.

The market is now awaiting the official report on US crude oil inventories, scheduled to be released on September 4. According to data from the American Petroleum Institute (API), as of August 29, US crude oil inventories increased by 622,000 barrels.

In addition, the not-so-optimistic economic data also put pressure on oil prices, affecting the demand outlook. The US Department of Labor said that the number of job vacancies fell more than expected, to 7.181 million jobs in July. Previously, according to a Reuters survey, the forecast was 7.378 million jobs. In addition, the US manufacturing sector also recorded its sixth consecutive month of decline.

In another development, part of the Dangote refinery in Nigeria with a designed capacity of 650,000 barrels per day had to be temporarily shut down due to a catalyst leak and some other technical problems. Repairs are expected to take at least two weeks.